Problem #2 (10 Marks): Show all calculations 1. On April 30, 2019, our company lent $25,000 to a supplier of speciality gaming equipment. The supplier signed a 10-month, 9% promissory note, promising to pay the loan principal with accrued interest on maturity. 2. Op October 1, 2019, our company sold six-month tickets for admission to rides such as the Gargantuan Ferris Wheel. The season's ticket sales totalled $1,170,000 on that date. 3. On August 31, our company purchased an 18-month liability insurance policy for $16,110. The policy begins coverage on September 1, 2019. 4. Our company is open seven days a week. Employees are paid $5,250 in salaries every two weeks. Employees were last paid on Friday, November 29 (up to and including Friday of that week). Ignore any statutory holidays in your calculations. Employees will next be paid on Friday, December 13. Instructions a) For each of the above transactions, prepare the year end adjusting entry, required as of fiscal year-end, November 30, 2019. Show all calculations. b) Record the February 29, 2020 entry for the note receivable if the supplier dishonors the note. Assume that eventual collection of the note is not expected due to bankruptcy